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To: Thean who wrote (3083)11/18/1997 7:42:00 PM
From: Redman  Respond to of 95453
 
Thean,

I kept my phone unplugged so I could not call my broker. I decided to test both MAVK and GIFI one more day. They are both at the support levels you mentioned, MAVK-27 and GIFI-25, so I want to see how they act in the morning. I really appreciate the time taken to look at these. I am really really thrown back as to how panic selling drives prices down in companies who are performing better that ever. Here it is the sector as a whole, and I cannot remember in the last 4 years, any sector that has not come back and gone higher after an overall selloff. Every industry has gone through it and every industry has come back. So will the oil sector.

On another note, if you see something on your radar that appears to be a turn-around signal, outside of the whole sector making big gains back, please feel free to e-mail me at bec@dpj.com.

Thanks again for the analysis.

red